Power REIT Correlations

PW Stock

USD 1.08 0.01 0.92%

The correlation of Power REIT is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Power REIT Correlation With Market

Good diversification

The correlation between Power REIT and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power REIT and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more information on how to buy Power Stock please use our How to Invest in Power REIT guide.

Moving together with Power Stock

0.61	ESBA	Empire State Realty	Pair Corr
0.65	ESRT	Empire State Realty	Pair Corr
0.74	WHLR	Wheeler Real Estate	Pair Corr
0.64	FISK	Empire State Realty	Pair Corr
0.64	AAT	American Assets Trust	Pair Corr
0.71	CDP	COPT Defense Properties	Pair Corr

Moving against Power Stock

0.61	O	Realty Income	Pair Corr
0.59	WELL	Welltower	Pair Corr
0.57	VICI	VICI Properties	Pair Corr
0.51	ELME	Elme Communities	Pair Corr
0.4	FCPT	Four Corners Property	Pair Corr
0.63	AMT	American Tower Corp	Pair Corr
0.59	ALX	Alexanders	Pair Corr
0.51	ADC	Agree Realty	Pair Corr
0.35	BNL	Broadstone Net Lease	Pair Corr
0.51	EPR	EPR Properties	Pair Corr
0.44	CCI	Crown Castle Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NLCP	OUT	UNIT	FPI	CORR	EPR-PG	DLR-PK	EPR-PC	CCI
NLCP		0.72	0.67	0.61	0.0	0.32	0.58	0.14	-0.34	NLCP
OUT	0.72		0.85	0.87	0.0	0.15	0.5	0.05	-0.62	OUT
UNIT	0.67	0.85		0.88	0.0	0.19	0.47	0.01	-0.59	UNIT
FPI	0.61	0.87	0.88		0.0	0.09	0.38	-0.02	-0.58	FPI
CORR	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CORR
EPR-PG	0.32	0.15	0.19	0.09	0.0		0.72	0.88	0.49	EPR-PG
DLR-PK	0.58	0.5	0.47	0.38	0.0	0.72		0.67	0.09	DLR-PK
EPR-PC	0.14	0.05	0.01	-0.02	0.0	0.88	0.67		0.58	EPR-PC
CCI	-0.34	-0.62	-0.59	-0.58	0.0	0.49	0.09	0.58		CCI
	NLCP	OUT	UNIT	FPI	CORR	EPR-PG	DLR-PK	EPR-PC	CCI

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FPI	+ 0.88	UNIT
EPR-PC	+ 0.88	EPR-PG
FPI	+ 0.87	OUT
UNIT	+ 0.85	OUT
OUT	+ 0.72	NLCP
DLR-PK	+ 0.72	EPR-PG

High negative correlations

CCI	- 0.62	OUT
CCI	- 0.59	UNIT
CCI	- 0.58	FPI
CCI	- 0.34	NLCP
EPR-PC	- 0.02	FPI
CCI	- 0.0	CORR

Risk-Adjusted Indicators

There is a big difference between Power Stock performing well and Power REIT Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Power REIT's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NLCP	1.30	(0.22)	0.00	(0.54)	0.00	0.00	2.32	(3.19)	12.07
OUT	1.92	(0.32)	0.00	1.45	0.00	0.00	3.58	(5.50)	16.09
UNIT	2.45	(0.22)	0.00	(0.28)	0.00	0.00	3.84	(5.73)	12.45
FPI	1.25	(0.16)	0.00	(0.36)	0.00	0.00	2.00	(3.43)	11.91
CORR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPR-PG	1.04	0.03	0.00	(0.02)	0.00	0.00	2.02	(2.12)	9.20
DLR-PK	0.45	0.00	0.00	(0.07)	0.00	0.00	1.15	(1.06)	3.65
EPR-PC	1.11	0.09	0.08	0.06	1.43	(1.26)	2.11	(2.43)	7.28
CCI	1.50	0.22	0.12	0.56	1.98	(1.46)	3.13	(3.44)	16.04

Power REIT Corporate Management

Paula Poskon	Independent Trustee	Profile
Patrick Haynes	Independent Trustee	Profile
Mary Jensen	Director Relations	Profile
Virgil Wenger	Independent Trustee	Profile
Susan Hollander	Chief Accounting Officer	Profile
William Susman	Independent Trustee	Profile

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